Air Arabia's third-quarter profit slips 8.9%

Air Arabia reported a AED144 million ($39.2 million) third-quarter profit excluding exceptional items, down 8.9% from the AED158 million earned in the year-ago period. Its nine-month profit excluding exceptional items rose 6% year-over-year to AED337 million from AED318 million last year. Revenue was down 1.7% to AED1.47 billion. Nine-month passenger traffic increased 13.8% to 3 million and load factor was 79%.

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